topic Re: LLC Created Date Question in Get your taxes done using TurboTax

LLC Created Date Question

andersonapartments — Mon, 21 Jan 2019 17:48:00 GMT

In Turbo Tax, it asks when was the LLC created? Do I use the date I created it with the State 11/29/17, or 1/1/2018 which is when I started collecting and paying everything under the Master LLC. And I assume I have to enter all the depreciation and such from the old LLC's into the new individual LLC's. Thank you

Re: LLC Created Date Question

PaulaM — Sun, 03 Feb 2019 14:04:01 GMT

Use the actual creation date for the question, 11/29/17 in your case. And yes, you will need to move the depreciation records to the new LLC. Use the depreciation report as a guide.

Re: LLC Created Date Question

andersonapartments — Wed, 06 Feb 2019 20:06:58 GMT

Paula,

Thank you very much.